EFG Financial Products is an integrated structured investment service provider. It intends to use the IPO proceeds to strengthen its capital base and invest in growth initiatives. Jan Schoch, CEO of EFG Financial Products, is optimistic: “We are convinced that the IPO will have a positive impact on the development of our business going forward.”
Welcome to the Swiss exchange
EFG Financial Products is the fourth company to go public on SIX Swiss Exchange in 2012.
SIX Swiss Exchange opened trading in shares of EFG Financial Products Holding Ltd on 19 October 2012. Marco Estermann, Head Issuer Relations SIX Swiss Exchange, is delighted by this latest new arrival: “This IPO underscores Switzerland’s leading international position in financial services. SIX Swiss Exchange provides an ideal capital-raising platform, especially for companies in the financial sector.”
When SIX launched Collateral Secured Instruments (COSI) in 2009 as a means of minimizing issuer risk, EFG Financial Products was among the first companies to take advantage of this new type of structured product backed by collateral. The majority of the structured products it issues are now collateral-backed.
EFG Financial Products is the fourth new listing on SIX Swiss Exchange this year, following DKSH, Swiss Finance & Property Investment and Zug Estates.